“Have to raise incomes and wages in as wide range of sectors and regions as possible,” said Japan’s Prime Minister Contender, also the Liberal Democratic Party (LDP) member, Fumio Kishida during early Monday.
“No mistake that past policies brought growth to japan's economy, but at the same time disparities widened,” adds Kishida, per Reuters.
Market reaction
Given the cautious sentiment ahead of the key US consumer-centric data, coupled with the Fed tapering concerns, USD/JPY fails to react to the positive news. That said, the risk barometer pair pierces 110.00, refreshing intraday high ahead of Monday’s European session.
